Zeta Global (NYSE:ZETA) Shares Down 1.5% – Time to Sell?

Zeta Global Holdings Corp. (NYSE:ZETA) traded down 1.5% during trading on Thursday . The company traded as low as $14.42 and last traded at $14.89. 1,025,425 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 4,899,893 shares. The stock had previously closed at $15.11.

Wall Street Analysts Forecast Growth

ZETA has been the subject of several analyst reports. William Blair restated an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Royal Bank of Canada dropped their target price on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Morgan Stanley raised their price target on shares of Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.86.

Zeta Global Stock Down 4.4 %

The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.27 billion, a P/E ratio of -19.63, a PEG ratio of 1.65 and a beta of 1.18. The company’s 50 day moving average price is $18.00 and its two-hundred day moving average price is $22.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Natixis Advisors LLC lifted its position in Zeta Global by 15.9% during the third quarter. Natixis Advisors LLC now owns 16,295 shares of the company’s stock valued at $486,000 after purchasing an additional 2,236 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after buying an additional 1,136 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Zeta Global by 31.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after acquiring an additional 413,577 shares during the period. Citigroup Inc. increased its holdings in Zeta Global by 139.5% in the 3rd quarter. Citigroup Inc. now owns 151,439 shares of the company’s stock worth $4,517,000 after acquiring an additional 88,205 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Zeta Global by 14.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 125,057 shares of the company’s stock worth $3,730,000 after acquiring an additional 15,342 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

About Zeta Global

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.